A Fixed Deposit (FD) is an investment where you deposit a lump sum with a financial institution for a specified tenure at a predetermined interest rate. The Term Deposit Receipt (TDR) is the certificate issued by the institution confirming this deposit. FDs are popular for their stability and guaranteed returns.

This page focuses on a specific type: Fixed Deposits with periodic interest payout (often called TDR-style FDs). In this arrangement, the interest earned on your deposit is paid out to you at regular intervals (e.g., monthly, quarterly, half-yearly, or annually) instead of accumulating and being reinvested. This provides a regular income stream, while your principal amount remains intact and is returned to you at maturity. This differs from cumulative FDs where interest is reinvested and paid out with the principal at the end of the tenure.

Our FD Interest Payout Calculator helps you determine your regular interest income and the total interest earned from such an FD. Here's how to use it:

1. Principal Amount: Enter the lump sum amount you wish to invest.
2. Interest Rate (% p.a.): Input the annual interest rate offered by the bank.
3. Tenure (Years/Months): Specify the duration for which the money will be deposited.
4. Interest Payout Frequency: Select how often you want to receive the interest (Monthly, Quarterly, Half-Yearly, or Annually).

Understanding Your FD Interest Payout Calculator Results

• Principal Amount: The initial sum you invested. This amount is returned to you at maturity.
• Interest Payout (per period): The fixed interest amount you will receive at each selected payout interval.
• Total Interest Earned: The sum of all interest payouts received over the entire FD tenure.
• Maturity Amount (Principal Returned): The original principal amount that is returned to you when the FD matures.